Bitcoin Cash Grows as major oil futures shows mixed movements

Bitcoin is down just over one tenth of a percent on the day, trading at around $4,024, according to CoinMarketCap. Looking at its weekly chart, the current price is just under three percent higher than $3,906, the price at which Bitcoin started the week.

Co-founder of advisory firm Fundstrat Global Tom Lee today noted the apparent correlation between Bitcoin’s price action and emerging markets in a tweet.

Ethereum (ETH) is holding onto its position as the largest altcoin by market cap, which is at about $14.6 billion. The second-largest altcoin, Ripple (XRP), has a market cap of about $13 billion by press time.

ETH is down by about one percent over the last 24 hours. At press time, ETH is trading around $139, after having started the day at $140. On its weekly chart, Ethereum has seen its value increase by over four percent.

Among the top 20 cryptocurrencies, the only ones reporting gains are Bitcoin Cash (BCH), which is up nearly five and a half percent, Ontology (ONT), which is up over two percent, Dash (DASH) and Maker (MKR), both up over one and a half percent.

Reference: https://cointelegraph.com/news/bitcoin-cash-grows-as-major-oil-futures-show-mixed-movements

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Author: Neo Anderson

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